You can’t ban froth. You can’t ban lunacy, especially when it pays off. You can’t tell the insiders or big data analytics specialist Palantir to take profits. You can’t stop the executives at Applovin from bailing up here, and you can’t tell the buyers of that mobile gaming ad software company that it may not…
Maybe new investors don’t care about valuations. Maybe new exchange-traded funds can take Wall Street by storm. Maybe insiders aren’t in a hurry to sell. Maybe earnings are going to be much better than we think. Maybe some part of the market mechanics has broken down. Or, maybe the whole market has a new expectation…
Feeling shut out of this hot market? Maybe some FOMO — fear of missing out. You’re not alone. The S & P 500 keeps plowing through record highs in the first week of December after November posted the best monthly gains of the year. All that buying, however, has pushed the market into overbought territory,…
It’s time to give thanks. I want to give thanks to all of the traders out there who create opportunities every day with their scalping, their dumping, and their insistence that small caps stocks are going to roar or that midcaps will stall or that the “Magnificent Seven” are magnificent no more. I used to…
People always ask me why I dislike parabolic moves. The answer is simple: When a stock rises significantly in a short period — resulting in a price chart that resembles the curve of a parabola — it goes down far faster than it can creep up, for whatever reason. Consider a parabolic move from a…
The U.S. presidential election beckons and even though nearly 75 million people have already voted, according to NBC News , nothing seems to have leaked out. You would figure the hedge fund algorithms would have picked up something by now, but I haven’t seen any confirmed bets made either way. That makes trading on the…
Every Friday I do a gameplan look-ahead on “Mad Money.” It has to be cursory because I write about 1,200 words — which has to fit into one segment on television — that’s the typical structure/stricture. I can’t really dally on any particular earnings report because that means I won’t get to the end of…
Gloom, not doom. That’s how you could sum up new research from Goldman Sachs Chief U.S. Equity Strategist David Kostin, which came out late Friday night and is the talk of Wall Street as we start the new week. The first line of the note reads: “We estimate the S & P 500 will deliver…
Credit the index funds. They sop up the cash and distribute the money like a weighted-stock trampoline, jumping in the moment of a decline, desperate money seeking a home and finding it in the S & P 500 . It’s unseen because it comes in hidden over the transom. The Vanguard S & P 500…
Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported…